EVN

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EVNV

Bulgaria: Electricity and Heating will become more Expensive starting tomorrow

The Energy and Water Regulatory Commission approved the new electricity and heating prices starting from July 1.

On average, the price of electricity for household consumers increases by 4.37 percent. An increase of 4.24% is foreseen for "Electrohold", for EVN - by 3.78%, and for customers of "Energo Pro" - by 5.43%. These prices include the prices for network services.

140 of the Upper Echelons - Ministers, Deputies, Mayors, Investigated for Corruption

140 senior officials, including deputies, ministers, deputy ministers, mayors, agency heads, agents of DANS (State Agency for National Security), police officers, tax and customs officers, are being investigated for corruption in Bulgaria.

The cases against 101 of them are at pre-trial stage, and there is an indictment filed in court against 39 of them.

Bulgaria will not Pay EUR 500 Million to EVN

The arbitration case brought by EVN against Bulgaria at the International Center for Settlement of Investment Disputes (ICSID) at the World Bank in Washington is over, writes Capital.

The decision has not yet been published, but the Austrian firm has announced that it will not be paid the damages sought, which, according to unofficial information, was about 500 million euros.

Bulgarian Court Fails to Proceed with Case Against Two Former Ministers and Influential Businessman

The court failed to proceed with the case against former finance minister, Simeon Dyankov, former minister of the economy Traicho Traikov, businessman Ivo Prokopiev, the Executive Director of investment intermediary "Bulbrokers", Radoslav Rachev, and two of his employees, reports BNT. 

Power Distributors in Bulgaria Seek 8% - 20% Increase in Prices of Electricity

The electricity distribution companies in Bulgaria CEZ, EVN and Energo Pro have submitted applications to the Energy and Water Regulatory Commission (EWRC) requesting 8% to 20% increase in the prices of electricity as of 1st of July, the regulator said on 17th of April.

Energy Operator for Central and Southeast Bulgaria EVN Wants a 7% Increase in Electricity Prices

The electricity company EVN submitted its proposal for the price of the electricity supplied by it to the Energy and Water Regulatory Commission, the company announced. It refers to the price period from July 1, 2018 to June 2019.

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